Raymond James Financial Inc. Makes New Investment in Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI)

Raymond James Financial Inc. bought a new stake in Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 337,509 shares of the company’s stock, valued at approximately $5,393,000.

Several other hedge funds have also bought and sold shares of the stock. Wilmington Savings Fund Society FSB purchased a new stake in Lazard Global Total Return and Income Fund during the third quarter valued at about $260,000. Mezzasalma Advisors LLC purchased a new stake in Lazard Global Total Return and Income Fund during the fourth quarter valued at about $512,000. Wolverine Asset Management LLC purchased a new stake in Lazard Global Total Return and Income Fund during the fourth quarter valued at about $779,000. Benjamin Edwards Inc. bought a new position in shares of Lazard Global Total Return and Income Fund during the third quarter valued at about $1,469,000. Finally, Stifel Financial Corp boosted its holdings in Lazard Global Total Return and Income Fund by 9.6% during the 3rd quarter. Stifel Financial Corp now owns 83,928 shares of the company’s stock valued at $1,522,000 after acquiring an additional 7,328 shares during the period.

Lazard Global Total Return and Income Fund Stock Up 1.0 %

Shares of Lazard Global Total Return and Income Fund stock opened at $15.71 on Tuesday. Lazard Global Total Return and Income Fund, Inc. has a one year low of $14.84 and a one year high of $18.23. The business’s 50 day simple moving average is $16.34 and its two-hundred day simple moving average is $16.71.

Lazard Global Total Return and Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Thursday, April 10th will be issued a $0.1465 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 11.19%. The ex-dividend date of this dividend is Thursday, April 10th.

Lazard Global Total Return and Income Fund Company Profile

Lazard Global Total Return and Income Fund, Inc is a closed ended balanced mutual fund launched and managed by Lazard Asset Management LLC. It invests in public equity and fixed income markets across the globe. The fund primarily invests in stocks of companies with market capitalization over $5 billion.